UniFirst Sets Jan 14 Annual Meeting: Director Elections & Exec Pay Vote

Ticker: UNF · Form: DEF 14A · Filed: Dec 5, 2024 · CIK: 717954

Unifirst CORP DEF 14A Filing Summary
FieldDetail
CompanyUnifirst CORP (UNF)
Form TypeDEF 14A
Filed DateDec 5, 2024
Risk Levellow
Pages16
Reading Time19 min
Key Dollar Amounts$0.10
Sentimentneutral

Sentiment: neutral

Topics: annual-meeting, corporate-governance, director-election, auditor-ratification

Related Tickers: UNF

TL;DR

UniFirst's Jan 14 shareholder meeting: vote on directors, exec pay, and auditors. Big governance decisions ahead.

AI Summary

UniFirst Corporation has scheduled its Annual Meeting of Shareholders for January 14, 2025, at its Wilmington, Massachusetts headquarters. Key agenda items include the election of three Class III Directors for a three-year term, an advisory vote on executive compensation, and the ratification of Ernst & Young LLP as the independent auditor for the fiscal year ending August 30, 2025.

Why It Matters

This filing outlines the critical decisions shareholders will make regarding company leadership, executive pay, and auditor oversight, directly impacting corporate governance and financial accountability.

Risk Assessment

Risk Level: low — This is a standard annual proxy statement detailing routine corporate governance matters.

Key Players & Entities

FAQ

When and where will the UniFirst Corporation Annual Meeting of Shareholders be held?

The Annual Meeting will be held on Tuesday, January 14, 2025, at 8:30 A.M. Eastern Time at the corporate offices of the Company located at 68 Jonspin Road, Wilmington, Massachusetts 01887.

How many directors are being elected at the meeting?

Three Class III Directors are to be elected, each to serve for a term of three years until the 2028 Annual Meeting of Shareholders.

What is the purpose of the advisory vote on executive compensation?

Shareholders will vote, on a non-binding, advisory basis, to approve the compensation of the Company's named executive officers.

Who is proposed to be ratified as the independent registered public accounting firm?

Ernst & Young LLP is proposed to be ratified as the Company's independent registered public accounting firm for the fiscal year ending August 30, 2025.

What is the filing form for this document?

This document is a DEF 14A filing, a Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934.

Filing Stats: 4,819 words · 19 min read · ~16 pages · Grade level 11.6 · Accepted 2024-12-05 14:05:19

Key Financial Figures

Filing Documents

From the Filing

DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 UNIFIRST CORPORATION (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 UNIFIRST CORPORATION 68 Jonspin Road Wilmington, Massachusetts 01887 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS To Be Held On Tuesday, January 14, 2025 The Annual Meeting of Shareholders (the "Annual Meeting") of UniFirst Corporation (the "Company") will be held at the corporate offices of the Company located at 68 Jonspin Road, Wilmington, Massachusetts 01887 on Tuesday, January 14, 2025 at 8:30 A.M. Eastern Time for the following purposes: 1. To elect three Class III Directors, nominated by the Board of Directors, each to serve for a term of three years until the 2028 Annual Meeting of Shareholders and until their respective successors are duly elected and qualified; 2. To approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers as more fully described in the accompanying Proxy Statement; 3. To ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the fiscal year ending August 30, 2025; and 4. To consider and act upon any other matters which may properly come before the meeting or any adjournment or postponement thereof. Proposal 1 above relates solely to the election of three Class III Directors nominated by the Board of Directors and does not include any other matters relating to the election of directors, including, without limitation, the election of directors nominated by any shareholder of the Company. The Board of Directors has fixed the close of business on November 15, 2024 as the record date for the Annual Meeting. All shareholders of record on that date are entitled to receive notice of and to vote at the meeting. Under Securities and Exchange Commission rules, the Company is providing access to the proxy materials for the Annual Meeting to shareholders via the Internet. Accordingly, you can access the proxy materials at www.edocumentview.com/UNF . Instructions for accessing the proxy materials and voting are described below and in the Annual Shareholder Meeting Notice (the "Notice") that you received. Please review the proxy materials prior to voting. Your vote is very important. If you hold your shares in your own name as a holder of record with our transfer agent, you may vote by one of the following methods: 1. BY INTERNET , by going to the Internet web address www.envisionreports.com/UNF and following the instructions on the Notice you received and on the website. In order to vote via the Internet, you must use the numbers provided in the shaded bar of the Notice. Proxies submitted by the Internet must be received by 11:59 P.M., Eastern Time, on January 13, 2025. 2. BY TELEPHONE , if you received printed copies of the proxy materials by mail in accordance with the instructions in the Notice, by dialing 1-800-652-VOTE (8683) within the United States, U.S. territories, and Canada any time on a touch tone telephone and following the instructions provided by the recorded message. In order to vote via telephone, you must use the numbers provided in the proxy card. Proxies submitted by telephone must be received by 11:59 P.M., Eastern Time, on January 13, 2025. 3. BY PROXY CARD , if you received printed copies of the proxy materials by mail in accordance with the instructions in the Notice, by completing, dating, signing, and returning the proxy card in the postage-prepaid envelope provided. If you vote by Internet or telephone, please do not mail your proxy card. Your proxy card must be received prior to the Annual Meeting. If you are a stockholder of record and attend the Annual Meeting, you may vote in person by ballot even if you have previously voted by Internet, by telephone or by returning your proxy card. Any proxy may be revoked by delivery of a later dated proxy. We encourage you to vote prior to the Annual Meeting by Internet, telephone or proxy card in accordance with the instructions above. If your shares are held by a broker, bank or other nominee in street name, please follow the instructions you receive from your broker, bank or other nominee to have your shares voted. I

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